On 9/20/24, GameStop Corp. (NYSE: GME) stock enjoyed a major increase of 12.0%, closing at $21.85. Moreover, trading volume in this advance was exceptionally high at 587% of normal. Relative to the market the stock has been exceptionally strong over the last nine months and has risen 7.1% during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to be above the cost of capital, GME is expected to continue to be a modest Value Builder.
GameStop has a current Value Trend Rating of C (Neutral). The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. GameStop has a poor Appreciation Score of 15 but a very high Power Rating of 100, and the Neutral Value Trend Rating results.
Rating Review
In light of this very positive price change we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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